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CNN
Nov 29, 2012 6:00am PST
slash that government spending, if and when the fiscal cliff goes into effect, that can really eat into gdp and is part of the reason the congressional budget office has said if we do go over the cliff, the u.s. could go back into a recession. carol? >> alison kosik at the new york stock exchange. >>> well, someone is waking up this morning as a multimillionaire. winning tickets for the powerball's record-breaking $580 million jackpot were sold in arizona and missouri. last night's winning numbers, if you're curious, 5, 23, 16, 22, 29 and the powerball number is 6. winners will split the largest jackpot in powerball's history. we know one of the tickets was bought around the kansas city area. but whoever won was really lucky, because the odds of winning, 1 in 175 million. you have a much better chance of getting hit by -- we say that every time. you know. the odds are long. lucky them, and we're happy for them. >>> journalist tom ricks is a star. not for his new book, not for his 17 years at the wall street journal, but for his 90 seconds on fox news. when asked about the attacks o
CNN
Dec 4, 2012 8:00am PST
, starting january 1st we go over that so-called fiscal cliff, tax rates go up not just for the rich but for the middle class, for everyone, all those cuts in domestic spending and naths security spending, they go into effect. people aren't going to be happy about that, and the president will be able to say, look, i begged them, i repeatedly said 98% of the american public, they wouldn't get a tax increase if we just took them out of the equation, let's pass legislation extending the bush tax cuts for everyone earning under $250,000 a year. they didn't do it. so, you know, he'll have some leverage on that in terms of the politics because politically, you know, the polls all are very consistent. the election results are pretty consistent. the american public is ready for a modest increase in taxes for the upper 2% of taxpayers. having said that, there's another issue that's coming up in february or march and that's raising the debt ceiling once again. the republicans have a lot of leverage on that right now because the white house, the administration will desperately want to raise tha
Search Results 0 to 1 of about 2